Events

NEW YORK — Apparel retailers across the board experienced strong sales gains in April, thanks in large part to the inclusion of Easter in this year’s reporting period, leading many to raise their quarterly earnings guidance.

NEW YORK — Customers shopped at Costco and BJ’s more often in April as they looked to save money on food and gas, according to results the company’s reported Thursday. Both companies generated same-store sales growth that exceeded analysts’ estimates due in part to an ability to pass through food price inflation to customers.

The Walmart Visitor Center in downtown Bentonville is set to reopen on May 21 after undergoing extensive renovations, which means the new facility will be able to accommodate the thousands of Walmart employees who will descend on the town for the company’s annual meeting on June 3.

Sam's Club this week is promoting itself as a small business leader and has announced several initiatives in honor of National Small Business Week May 16 to 20. The company said it would donate up to $200,000 to organizations supporting entrepreneurs. In addition the company is offering a limited-time, lower-cost membership deal for small business owners.

New York City -- Retailers reported strong April sales that were boosted by the late Easter holiday, which fell on April 24, three weeks later than last year. Same-store sales rose 8.9% at the 25 retailers tracked by Thomson Reuters, compared with expectations for an 8.2% increase. But the good news was tempered as retailers acknowledged that shoppers are under increasing pressure from rising gas prices and other cost increases.

ST. PETERSBURG, Fla. -- HSN Inc. reported that total net sales for its first quarter grew 6% over the prior year to $724 million. Net sales at its HSN business increased 1% to $526.2 million, which included 7% sales growth at HSN.com. Cornerstone's net sales increased 20% to $197.8 million with e-commerce sales growth of 23%.

Adjusted EPS increased 14% to 41 cents compared with 36 cents in the prior year, the company reported. GAAP diluted EPS increased 13% to 34 cents compared with 30 cents in the prior year.

SCOTTSDALE, Ariz. — On the final evening of the National Association of Chain Drug Stores Annual Meeting in Scottsdale, the association for the first time honored two individuals in the same year with the Sheldon W. Fantle Lifetime Achievement Award: Mary Sammons, chairman of Rite Aid, and Tom Ryan, chairman of CVS Caremark.

UNIVERSAL CITY, Calif. -- Walgreens announced that it has partnered with NBCUniversal Television Consumer Products to launch an exclusive line of “The Biggest Loser”-branded meal alternative bars and shakes. According to a company press release, the line of products, named for the popular NBC weight-loss reality show, will be offered in all of the more than 7,600 Walgreens stores nationwide beginning in May.

HOFFMAN ESTATES, Ill. -- Sears Holdings will host its annual meeting on May 4, and attendees present will likely want to know how the company plans to improve sales and return to profitability under the leadership of its new CEO, Lou D’Ambrosio.  

NAPERVILLE, Ill.  -- OfficeMax announced that it has been recognized as a JDA Software Group 2011 Real Results Winner for best in demand management. Now in its sixth year, the Real Results Awards recognize companies that have demonstrated business-process excellence and achieved quantifiable benefits through the adoption of industry best practices and use of JDA's industry-leading solutions and services, according to a company press release. OfficeMax was honored at FOCUS 2011, JDA's annual user conference in Orlando, Florida, May 1 to 4.